Research Detail
| 2019/06/11 / Erste Group Research |
Credit Report | UNIQA With a market share of 22%, UNIQA is the second largest insurance group in Austria behind Vienna Insurance Group. The group generates 70% of its premium income in Austria. UNIQA is the clear market leader in health insurance in Austria, with a market share of 46%. The group generates around 30% of its premium income in CEE, where it has a presence in 15 markets. Its largest segment is property-casualty insurance (share of premiums written: 52%), followed by life (27%) and health insurance (21%). UNIQA's solvency capital ratio stood at 248% at the end of 2018 (most recent available figure), which is very strong by European standards. We consider the group's subordinated bonds to be undervalued relative to comparable bonds. |
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General information
| Author | Erste Group Research |
| Date | 2019/06/11 |
| Language |  |
| Product name | Credit News |
| Topic in focus | Credits/ Corporate bonds |
| Economy in focus | Austria |
| Currency in focus | Euro |
| Sector in focus | - |
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